We hope you all are enjoying your fall! It’s a busy time of year in our industry, and we’ve enjoyed getting to see many of you at conferences and events around the country.
With the completion of our September monthly royalty distribution, The MLC’s 30th overall, we have now distributed more than $1.3 billion in blanket royalties. We are proud that each of those distributions has continued to be completed on time or early. Additionally, our membership has surpassed 30,000! We are grateful that our Members and partners continue to spread the word about The MLC so we can help more rightsholders collect the money they have earned.
In this Quarter Note, we are excited to share more information about the publication of the Copyright Royalty Board’s final rate determination for the Phonorecords III (Phono 3) rate period. Rightsholders are now one step closer to receiving their final adjusted royalty payments for the uses of their songs that took place between 2018-2022.
Thank you for taking the time to read our updates each quarter. We are grateful for your continued interest and support.